Light Snow
20°FLight SnowFull Forecast

USDA: US corn yields to offset lesser acreage

Published: Friday, May 9, 2014 1:26 p.m. CST

ST. LOUIS — A U.S. government report says the nation's corn growers should have banner production this year despite lesser acreage devoted to the grain. But corn prices later in the year may suffer a bit.

The U.S. Department of Agriculture released Friday its first World Agricultural Supply and Demand Estimates report of the year.

The report estimates that corn producers will harvest 165.3 bushels of corn, up 6.5 bushels from the previous year. Corn acreage is expected to slip to 91.7 million acres, from 95.4 million acres.

The report is the USDA's best guess of agricultural expectations, and weather events in coming months might dramatically change the forecasts.

The season-average price for corn was forecast lower, ranging from $3.85 and $4.55 per bushel. It was $4.50 to $4.80 a year earlier.

Get breaking and town-specific news sent to your phone. Sign up for text alerts from the Daily Chronicle.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Watch Now

Player embeded on all DDC instances for analytics purposes.

Nov. 24 Rod Carey press conference

More videos »

Reader Poll

What is your favorite traditional Thanksgiving food?
Turkey
Stuffing
Green bean casserole
Pumpkin pie
Cranberry sauce